https://www.taxtmi.com/caselaws?id=2134 The court allowed the appeal, setting aside the impugned orders and quashing the penalty proceedings initiated under Section 271-D and Section 271-E. The court emphasized that the breaches committed by the assessee before 1.04.1989 could not be penalized under sections that were not in force at that time. The court acknowledged the legislative anomaly and suggested that lawmakers consider suitable amendments to address such issues. en-us Fri, 07 Apr 2006 00:00:00 +0530 Fri, 01 Aug 2008 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2134 The court allowed the appeal, setting aside the impugned orders and quashing the penalty proceedings initiated under Section 271-D and Section 271-E. The court emphasized that the breaches committed by the assessee before 1.04.1989 could not be penalized under sections that were not in force at that time. The court acknowledged the legislative anomaly and suggested that lawmakers consider suitable amendments to address such issues. Case-Laws Income Tax Fri, 07 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2134